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MSNBC’s Stephanie Ruhle: The markets finally realized the economic crisis is linked to the health crisis

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Stephanie Ruhle (Photo: Screen capture)

MSNBC market expert Stephanie Ruhle told Brian Williams on Wednesday that the reason Americans saw the stock market fall this week is that they have finally realized that things aren’t getting any better.

Williams asked if the numbers this week are different from normal pre-election years.

“This is quite different,” said Ruhle. “The markets have woken up to the fact that this health crisis is directly linked to the economic crisis. The markets can’t thrive when we don’t have a national plan to deal with the coronavirus. And you look at the GDP, you know that tomorrow, you led the show with it, the president is going to say, ‘We’re back, baby! With the greatest economy ever.’ That’s not the case. We have been seeing improvements. We are on the road to recovery. But even if we get 30 percent, 35 percent GDP, which would be positive, it’s far from saying we’re back.”

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She noted that 30 percent would only be about half as far as we fell when the pandemic recession began.

“For the millions of people that are still out of work, for 1 in 5 small businesses that are closed for good, and people that aren’t getting another stimulus check or enhanced unemployment, they’re not investing big, and that will drag down the economy going forward,” she closed.

See her explanation below:


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2020 Election

Agitated Trump supporters are still in denial — and they’re coalescing into a new conspiracy-minded election movement

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Georgia’s Trump supporters are not giving up. On Saturday, scores massed outside the statehouse in Atlanta, a small sea of mostly men in red MAGA hats hoisting signs hurling accusations against Joe Biden and wearing campaign tee-shirts saying “STOP the STEAL.”

It barely mattered that Georgia’s Republican Secretary of State Brad Raffensperger had certified Biden’s unexpected nearly 13,000-vote victory one day before. Also irrelevant was Georgia’s unprecedented manual hand count of presidential votes on 5 million paper ballots, which was more than any 2020 swing state has done since Election Day to verify its votes.

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‘Insane baby’ Trump mocked after holding a press briefing — and then fleeing after just 60 seconds

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President Donald Trump on Tuesday held a "press briefing" that consisted of him boasting about the Dow Jones Industrial Average hitting a record-high 30,000 points -- and then running away without taking any questions.

The president's truly brief press briefing utterly baffled observers, many of whom wondered why the president couldn't have simply bragged about the stock market on his Twitter account.

Check out some reactions below.

oh my god that insane baby

— Oliver Willis (@owillis) November 24, 2020

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2020 Election

Trump abruptly ends news conference after 1 minute as reporters grill him on conceding

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President Donald Trump took one minute out of his day on Tuesday to hold a press conference in which he took credit for gains in the stock market, which came after President-elect Joe Biden's transition was allowed to formally begin.

At his press conference which lasted almost exactly one minute, Trump credited his administration for after the Dow Jones Industrial Average traded above 30,000 for the first time.

"The stock market, it's just broken 30,000," the president said. "Never broken that number. That's a sacred number. Nobody thought they would ever see it. That's the ninth time since the beginning of 2020 and it's the 48th time that we have broken records in -- during the Trump administration."

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